STUB (NYSE:STUB) Stock Has Average Target Price of $10.33

STUB (NYSE:STUB) has been given a consensus rating of “Hold” by the fourteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.33.

A number of brokerages have issued reports on STUB. TD Cowen cut their price objective on shares of STUB from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 21st. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. UBS Group set a $7.50 target price on shares of STUB in a research report on Thursday, August 13th. Morgan Stanley raised their target price on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Finally, Citigroup upgraded shares of STUB from a “neutral” rating to a “buy” rating and reduced their price target for the company from $9.00 to $7.00 in a report on Friday, September 18th.

STUB Price Performance

Shares of STUB stock opened at $5.46 on Monday. The stock’s 50-day simple moving average is $7.22 and its 200-day simple moving average is $8.33. STUB has a 52 week low of $5.23 and a 52 week high of $21.49. The company has a market capitalization of $2.08 billion and a price-to-earnings ratio of -0.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86.

STUB (NYSE:STUB) last released its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%.The business had revenue of $573.07 million for the quarter. As a group, analysts expect that STUB will post 0.38 earnings per share for the current fiscal year.

Insider Transactions at STUB

In related news, insider Scott Michael Fitzgerald sold 84,970 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total transaction of $601,587.60. Following the completion of the transaction, the insider directly owned 110,383 shares of the company’s stock, valued at approximately $781,511.64. This represents a 43.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Constance P. James sold 116,644 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total value of $823,506.64. Following the transaction, the chief financial officer owned 349,934 shares of the company’s stock, valued at $2,470,534.04. This represents a 25.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,126,538 shares of company stock worth $8,456,384. 30.97% of the stock is currently owned by company insiders.

Institutional Trading of STUB

Several hedge funds have recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new stake in STUB in the first quarter worth $34,000. Royal Bank of Canada lifted its position in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares during the last quarter. Lido Advisors LLC purchased a new position in shares of STUB in the 1st quarter worth $69,000. OMERS ADMINISTRATION Corp purchased a new position in shares of STUB in the 1st quarter worth $164,000. Finally, Rose Capital Advisors LLC bought a new stake in shares of STUB in the 2nd quarter worth about $183,000.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.